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Capstone Turbine Corp

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BUSINESS
February 22, 2001 | From Bloomberg News
Capstone Turbine Corp., a maker of power generators for homes and small businesses, said Wednesday it formed a unit to target growing demand in California for alternative energy sources. The Chatsworth-based company makes 30-kilowatt and 60-kilowatt natural gas turbines that produce enough electricity to power a convenience store or typical office building. It formed Capstone California to take advantage of demand spurred by the state's energy crisis, Capstone said.
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BUSINESS
July 25, 2006 | From Times Staff and Wire Reports
Capstone Turbine Corp. said Monday that its chief executive and president, John Tucker, had resigned, citing personal reasons. Tucker's last day at the Chatsworth-based company will be July 31, Capstone said. It said Chief Operating Officer Mark Gilbreth would serve as CEO and president on an interim basis. Tucker, 59, who has been CEO since August 2003, has agreed to assist with the transition in a consulting capacity until July 31, 2007, the company said.
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CALIFORNIA | LOCAL
August 1, 2000
Capstone Turbine Corp. of Chatsworth reported a loss of $9.2 million for the second quarter ended June 30, compared with a loss of $5.8 million for the same period last year. Revenue was $6.1 million, up from $334,000. Capstone Turbine produces low-emission microturbine systems.
BUSINESS
August 11, 2005 | From a Times Staff Writer
Impac Mortgage Holdings Inc., a Newport Beach real estate investment trust, posted a second-quarter loss of $55 million, or 78 cents a share, down from a year-earlier profit of $143.2 million, or $2.17. The company also said it planned to lower its dividend. The combination of bad news, released late Tuesday, sunk Impac's shares Wednesday. They fell $2.39, or 14.6%, to $13.98. Impac attributed the loss to a $97.
CALIFORNIA | LOCAL
September 21, 1999
Capstone Turbine Corp., Woodland Hills, announced that its microturbine power generating system MicroTurbine Model 330, has been approved and listed by Underwriters laboratory, indicating compliance with industry standards for electrical products in North America. Capstone develops low-emission, compact power-generating systems for a variety of applications including remote power, standby power, combined systems and hybrid electrical vehicles.
BUSINESS
July 25, 2006 | From Times Staff and Wire Reports
Capstone Turbine Corp. said Monday that its chief executive and president, John Tucker, had resigned, citing personal reasons. Tucker's last day at the Chatsworth-based company will be July 31, Capstone said. It said Chief Operating Officer Mark Gilbreth would serve as CEO and president on an interim basis. Tucker, 59, who has been CEO since August 2003, has agreed to assist with the transition in a consulting capacity until July 31, 2007, the company said.
BUSINESS
July 13, 2001 | Sam Kennedy
Capstone Turbine Corp. has been awarded $3 million by the Department of Energy to develop more energy-efficient power generators. Chatsworth-based Capstone manufactures refrigerator-size microturbines that produce 30 to 60 kilowatts of electricity--enough to power a fast-food restaurant, a hotel or a small office building.
BUSINESS
April 17, 2001 | Bloomberg News
* Capstone Turbine Corp., a maker of power generators for homes and small businesses, received a second order from Japan's Takuma Co. for 250 microturbine sets to be used in cogeneration systems. The value wasn't disclosed by Capstone spokesman Keith Field. Amagasaki, Japan-based Takuma will buy the sets over the next year. Takuma bought 100 of the sets last year.
BUSINESS
February 22, 2001 | Bloomberg News
A Chatsworth maker of power generators said Wednesday it has formed an alternative energy unit with offices in Orange County and four other areas in the state. Capstone Turbine Corp. said in a press release that it formed Capstone California to take advantage of demand spurred by the state's energy crisis. The company makes 30- and 60-kilowatt natural-gas turbines that produce enough electricity to power a convenience store or typical office building.
BUSINESS
August 11, 2005 | From a Times Staff Writer
Impac Mortgage Holdings Inc., a Newport Beach real estate investment trust, posted a second-quarter loss of $55 million, or 78 cents a share, down from a year-earlier profit of $143.2 million, or $2.17. The company also said it planned to lower its dividend. The combination of bad news, released late Tuesday, sunk Impac's shares Wednesday. They fell $2.39, or 14.6%, to $13.98. Impac attributed the loss to a $97.
BUSINESS
August 16, 2003 | Jerry Hirsch, Times Staff Writer
When most of the East Coast went dark Thursday, a Frito-Lay factory in Queens and a Harbec Plastics plant near Rochester, N.Y., stayed up and running. And on Friday, Capstone Turbine Corp.'s shares soared 23%. The connection, which Capstone trumpeted in a press release: The Chatsworth-based company made the refrigerator-sized microturbine generators that kept the lights on at Frito-Lay and Harbec Plastics. For Capstone, the power failure provided a badly needed boost.
BUSINESS
November 1, 2002 | Jerry Hirsch, Times Staff Writer
Cost cutting helped Capstone Turbine Corp. narrow its losses by nearly 14% in the third quarter but the company said Thursday that market conditions are so bleak that it has suspended offering forecasts for the fourth quarter and beyond.
BUSINESS
October 11, 2001 | JERRY HIRSCH, TIMES STAFF WRITER
Once the darling of investors looking for a bright spot in the midst of the energy crisis, Capstone Turbine Corp. saw its shares plunge nearly 31% on Wednesday after disclosing that sales of its electrical mini-generators will be only a fraction of previous expectations. Capstone's shares traded at more than $37 as recently as May, when the state faced the prospect of rolling electricity blackouts and businesses were scrambling to find reliable sources of power.
BUSINESS
July 13, 2001 | Sam Kennedy
Capstone Turbine Corp. has been awarded $3 million by the Department of Energy to develop more energy-efficient power generators. Chatsworth-based Capstone manufactures refrigerator-size microturbines that produce 30 to 60 kilowatts of electricity--enough to power a fast-food restaurant, a hotel or a small office building.
BUSINESS
April 17, 2001 | Bloomberg News
* Capstone Turbine Corp., a maker of power generators for homes and small businesses, received a second order from Japan's Takuma Co. for 250 microturbine sets to be used in cogeneration systems. The value wasn't disclosed by Capstone spokesman Keith Field. Amagasaki, Japan-based Takuma will buy the sets over the next year. Takuma bought 100 of the sets last year.
CALIFORNIA | LOCAL
March 6, 2001 | BOB HOWARD, SPECIAL TO THE TIMES
California's energy problems are opening new vistas for Chatsworth-based Capstone Turbine Corp., which makes small generators that can keep the power on during rolling blackouts. The company on Feb. 21 announced the formation of a wholly owned subsidiary called Capstone California to specialize in the California market, and on Feb. 26 it announced a distribution to buy 250 Capstone microturbines over the next two years.
BUSINESS
October 26, 2000 | Bloomberg News
Capstone Turbine Corp., the Chatsworth-based developer of small generators and turbines for hybrid electric vehicles, may have cut its own share-price rally short this week with an announcement about fresh stock sales. Capstone filed with the Securities and Exchange Commission on Tuesday to sell 7 million shares of stock. The company will offer the public 1 million shares, while selling shareholders will offer 6 million shares.
BUSINESS
March 6, 2001 | JERRY HIRSCH, TIMES STAFF WRITER
The stock of Chatsworth micro-turbine builder Capstone Turbine Corp. got a boost Monday for its minor role in a takeover battle being waged half a world away. Capstone has become the sweetener in a tug of war that pits two prominent oil companies against an investment group for control of New Zealand's biggest oil and gas company, which owns a nearly 10% stake in Capstone. The outcome could help erase a cloud that has tarnished Capstone's share price in recent months, analysts said.
BUSINESS
February 22, 2001 | Bloomberg News
A Chatsworth maker of power generators said Wednesday it has formed an alternative energy unit with offices in Orange County and four other areas in the state. Capstone Turbine Corp. said in a press release that it formed Capstone California to take advantage of demand spurred by the state's energy crisis. The company makes 30- and 60-kilowatt natural-gas turbines that produce enough electricity to power a convenience store or typical office building.
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